Saudi economy grew by 3.9% in Q1 of 2023

Riyadh: The Kingdom of Saudi Arabia’s economy grew by 3.9 per cent on an annual basis during the first quarter of 2023, compared to the same quarter of 2022.

The non-oil activities led the Saudi economy to grow in the first quarter of 2023.
According to data issued by the Saudi General Authority for Statistics (GASTAT), on Sunday, this increase was supported by the growth of non-oil activities by 5.8 per cent during the first quarter of this year compared to the same period in 2022.

Oil activities in the Kingdom grew by 1.3 per cent on an annual basis during the first quarter of this year.